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  • ISTANBUL, Oct 11- Turkey's current account deficit fell in August to its lowest level since October 2009, central bank data showed on Thursday, due mainly to a rise in gold exports and a slowing economy.

  • LONDON, Oct 11- Financier Nat Rothschild, one of the founders of coal miner Bumi Plc, said on Thursday he saw challenges for the company even after the exit of Indonesia's powerful Bakrie family, with ownership remaining concentrated.

  • European stock indexes look cheap compared with corporate credit indexes when removing financials from the benchmarks, sending a bullish signal for stocks, Societe Generale quantitative analysts say in a research note.

  • Europe shares extend gains after U.S. jobless data Thursday, 11 Oct 2012 | 8:39 AM ET

    PARIS, Oct 11- European stocks extended their gains on Thursday after data showed an unexpected drop in U.S. weekly unemployment benefit claims, reviving hopes the world's biggest economy is recovering.

  • Dalkia to build CHP plant in Warsaw for $63 mln-report Thursday, 11 Oct 2012 | 8:39 AM ET

    WARSAW, Oct 11- France's Dalkia, which controls Warsaw's heating company SPEC, plans to build a gas-fired combined heat and power plant in the Polish capital for around 200 million zlotys, Dalkia's representatives were quoted as saying on Thursday.

  • MOSCOW, Oct 11- Iraq is considering replacing ExxonMobil with Russian companies at the supergiant West Qurna-1 oilfield, after the U.S. major angered Baghdad by venturing into Kurdistan, according to a media report citing industry sources.

  • US trade deficit rose to $44.2 billion in August Thursday, 11 Oct 2012 | 8:35 AM ET

    WASHINGTON-- The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The deficit grew 4.1 percent to $44.2 billion in August, the biggest gap since May, the Commerce Department said Thursday. Exports dropped 1 percent to $181.3 billion.

  • ZURICH, Oct 11- The Basel Committee on Banking Supervision on Thursday published a regulatory framework for domestically important banks, saying the failure of such a bank could greatly impact a country's economy and financial system. The move following rules on globally important banks issued last November.

  • --AyT Colaterales Global Hipotecario FTA CCM I is a Spanish RMBS transaction that was issued in December 2007 by CCM. We did not rate the transaction until February 2011. Standard& Poor's Ratings Services today lowered to' BBB-' from' A-' and removed from CreditWatch negative its credit rating on AyT Colaterales Global Hipotecario FTA CCM I's class A notes.

  • REFILE-INSIGHT-Greek central banker's big pay-off Thursday, 11 Oct 2012 | 8:31 AM ET

    Athens, Oct 11- The governor of the Bank of Greece was given a severance payment of 3.4 million euros when he left his former employer, a major bank that he now regulates, documents seen by Reuters show.

  • U.S. trade deficit widens as exports fall Thursday, 11 Oct 2012 | 8:30 AM ET

    WASHINGTON, Oct 11- The U.S. trade deficit widened in August, in line with analyst expectations, as U.S. goods exports fell for the fifth consecutive month, a government report showed on Thursday. The monthly trade gap increased to $44.2 billion, from an upwardly revised estimate of $42.5 billion in July, the Commerce Department said.

  • KAYSERI, Turkey, Oct 11- Turkey said on Thursday it had stopped supplying Syria with electricity, but officials said the decision was due to problems with its neighbour's network and not a political decision to cut it off.

  • The euro zone Euro STOXX 50 index will be poised for a nearly 3 percent upside in the very short term if it manages to close above a key technical level, triggering a surge that could pave the way for a major rally, according to ING.

  • US futures rebound for the first time this week Thursday, 11 Oct 2012 | 8:23 AM ET

    NEW YORK-- Stock futures rebounded strongly Thursday on better-than-expected employment numbers that will likely provide some optimism to millions of U.S. job seekers. The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the Labor Department said.

  • ROME, Oct 11- Italian authorities have taken control of a cement plant belonging to Italcementi, the world's fifth-largest cement maker, over allegations of illegal toxic emissions, the company said on Thursday.

  • Sweet oil flows to U.S. will dry up by 2014-Total Thursday, 11 Oct 2012 | 8:22 AM ET

    New U.S. shale provinces are now pumping more than a million barrels per day and the hydrocarbons produced are similar to top quality grades produced in Africa, such as Nigerian benchmark grade Bonny Light.

  • THE HAGUE, Oct 11- Four Nigerian villagers took Royal Dutch Shell to court on Thursday in a landmark pollution case that campaigners said could open the door to more compensation claims against international companies.

  • Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

  • BERLIN, Oct 11- Germany's top economic institutes took a swipe on Thursday at an ECB plan to buy weaker euro zone states' bonds, saying it would threaten the bank's independence and undermine the currency bloc by stoking inflation.

  • UPDATE 4-RBS hits milestone with Direct Line listing Thursday, 11 Oct 2012 | 8:19 AM ET

    By Matt Scuffham and Kylie MacLellan. LONDON, Oct 11- Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's recovery efforts.